Polygon Hard Fork: Binance and Polymarket Seek Return of 70 Million POL

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: Binance and Polymarket are asking for a hard fork that would move roughly 70.49 million frozen POL from five attacker addresses back to them. Ordinary holders are unaffected, but on the Polygon forum concern is growing about the precedent it would set.A hard fork splits the tracks: anyone who does not run the update follows a different blockchain from the activation date.Add as a preferred source on GoogleFollow on Google NewsBinance and Polymarket want to recover roughly 70.49 million POL that attackers took on Polygon PoS at the end of October. To do so, the network would use a hard fork to set the balances of five frozen attacker addresses to zero and credit the same amount to recovery addresses controlled by the two companies. What is established: since November 4, 2026 the request has been on the Polygon forum as a PIP proposal, and on November 5 it was presented on the network's governance call. A vote and a date are still pending. Our assessment follows further ...